3 Reasons Why Right Now Is An Awesome Time To Buy
August 12th, 2008 categories: Buyers
When is the best time to buy?
You buy a car at the end of the year.
You shop for clothes at the end of the season.
And you buy a house when the market is down.
Here are 3 reasons why RIGHT NOW is an incredible time for first time buyers to buy….
1. Interest Rates Are Low.
For the past few years we have been spoiled by low interest rates in the 5’s or 6’s. If you believe that this is normal, it is important that you realize that an average rate is much higher so don’t be upset if they shoot up by over a percent at any moment.
2. Buyer Assistance Programs.
On October 1st down payment assistance programs such as Nehemiah and Ameridream which allow the seller of a home to pay the 3% down requirement for a home will be gone. You can still receive this money from your family but if you do not have this option it would be a good idea to pull the trigger on a home asap.
3. Tax Credits are Available.
First time home buyers can now receive UP TO 10% of their homes value up to $7,500 depending on when you purchase or purchased a home. This is pretty nice bonus from uncle Sam.
New First Time Buyer Tax Credit
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